SHENZHEN, China, May 17, 2024
/PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or
the "Company") (Nasdaq: YGMZ), an elite provider of logistics and
transportation services to businesses, today announced it will
partner with Carbonomi Trust ("Carbonomi"), a leading investor in
energy transition-related technologies and companies including
satellite-based communication and IoT infrastructure. The strategic
partners will leverage their respective expertise and resources to
build a high-performance satellite-based intelligent logistics
network primarily targeting business and enterprise users, with
fixed site and mobile coverage.
In partnering together, MingZhu and Carbonomi noted the critical
need for reliable coverage across the supply chain to integrate AI
and monitor IoT devices. Companies that fail to establish real-time
connections and collaboration with their employees and customers
are at a competitive disadvantage during this period of historical
change and opportunity for the future development and reshaping of
the global supply chain.
Mr. Jinlong Yang, Chairman and
Chief Executive Officer of MingZhu, commented, "As bulk commodity
logistics undergoes a digital transformation and a global digital
unified market emerges, the logistics sector must prioritize
fortifying and thoroughly modernizing its traditional framework.
This evolution offers a significant, enduring opportunity for
MingZhu and Carbonomi, as there are unaddressed requirements in
numerous sectors including construction, transportation,
agriculture, retail, and hospitality, among others. Crucially, this
collaboration seamlessly aligns with our core business and
capitalizes on our established reputation in the logistics field
for delivering comprehensive, end-to-end support to customers.
Simultaneously, it opens up substantial avenues for generating
shareholder value."
Under the scope of the partnership between MingZhu and
Carbonomi, the companies plan initially to address:
1. Satellite-Based Logistics Communication and Settlement
Capability: Adopting the ubiquitous communication link of
virtual satellites, as well as the settlement network of commodity
trading and supply chain and related digital banks, build an
intelligent logistics system integrating air and land, and bring
the logistics industry into the era of air-ground integration and
ubiquitous intelligent Internet of Things.
2. Physical Internet-Based Logistics Technology
Capability: The objective is to establish a Physical
Internet framework, commencing with the macro concept and
descending to the micro level. This entails leveraging
"digitization + intelligence" through logistics technology to
empower a systematic, scientific model tailored around the
distinctive characteristics of logistics enterprises, including
multi-projects, multi-scenarios, long chains, and cross-layers. By
segmenting closed-loop scenarios, we aim to address the prevalent
challenges within the industry and cultivate a robust Physical
Internet ecosystem within the logistics sector.
3. Green Logistics-related Financialization Product
Development: The digitization of logistics will lead to the
creation of digital assets, representing a novel production factor.
These assets can be incorporated into a digital assets table and
traded within the digital assets market. This transformation
underscores the evolving nature of logistics, where intangible
assets hold tangible value and contribute significantly to the
economy.
About Carbonomi Trust
Carbonomi Trust is a leading investor in energy
transition-related technologies and companies including
satellite-based communication and IOT infrastructure.
About MingZhu Logistics Holdings Limited (Nasdaq:
YGMZ)
Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings
Limited is a 4A-rated professional trucking service provider. Based
on the Company's regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings
offers tailored solutions to our clients to deliver their goods
through our network density and broad geographic coverage across
the country by a combination of self-owned fleets tractors and
trailers and subcontractors' fleets. For more information, please
visit ir.szygmz.com.
Forward-Looking Statements
The statements in this press release regarding the Company's
future expectations, plans and prospects constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements
regarding plans, goals, objectives, strategies, future events,
expected performance, assumptions and any other statements of fact
that have not occurred. Any statements that contain the words
"may", "will", "want", "should", "believe", "expect", "anticipate",
"estimate", "calculate" or similar statements that are not factual
in nature are to be considered forward-looking statements. Actual
results may differ materially from historical results or from those
expressed in these forward-looking statements as a result of a
variety of factors. These factors include, but are not limited to,
the Company's strategic objectives, the Company's future plans,
market demand and user acceptance of the Company's products or
services, technological advances, economic trends, the growth of
the trucking services market in China, the Company's reputation and brand, the
impact of industry competition and bidding, relevant policies and
regulations, fluctuations in China's macroeconomic conditions, and the
risks and assumptions disclosed in the Company's reports provided
to the CSRC (China Security Regulatory Commission) For these and
other related reasons, we advise investors not to place any
reliance on these forward-looking statements, and we urge investors
to review the Company's relevant SEC filings for additional factors
that may affect the Company's future results of operations. The
Company undertakes no obligation to publicly revise these
forward-looking statements subsequent to the filing of these
documents as a result of changes in particular events or
circumstances.
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SOURCE MingZhu Logistics Holdings Limited
